Reddit's unpopular changes were inspired by Elon Musk's layoffs & cost-cutting

https://lemmy.world/post/230973

Reddit's unpopular changes were inspired by Elon Musk's layoffs & cost-cutting - Lemmy.world

Imagine cribbing notes from a guy that has seen the social network he purchased drop in value by 2/3rds.
Step 1 - buy company for billions of dollars Step 2 - do stupid shit with it Step 3 - lose billions as valuations drop Step 4 - ??? Step 5 - profit, apparently?
Step 4 is money laundry